Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Jack Ma Reportedly Returns to BABA-W to Partake in Key AI, E-commerce Decisions
Recommend 70 Positive 151 Negative 44 |
||||
|
||||
|
Jack Ma, who faded from the public eye at the end of 2020 due to an antitrust investigation, has now returned to BABA-W (09988.HK), according to foreign media reports. His involvement is the most direct in five years, particularly concerning the group's AI development and competition strategies against e-commerce rivals JD-SW (09618.HK) and MEITUAN-W (03690.HK). Alibaba had previously pumped RMB50 billion in subsidies to counter JD.com, with Ma playing a crucial role in these decisions, sources divulged. Ma reportedly messaged a senior executive three times in one day requesting updates on AI development progress. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
